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Brexit: Enormous opportunities
#Minister of Defence Procurement, #Harriet Baldwin, sees enormous opportunities for India after Britain leaves the #European Union or #Brexit.
“We see enormous opportunities for UK and Indian firms to build on what is already a very strong relationship,” Baldwin told fii-news.com at the #Aero India 2017 which was held 14-18 in #Bengaluru.
She noted significant increase in the private-sector driven investments between the two countries including #Rolls-Royce and #BAE leading the UK investment community in India for decades.
A number of partnerships were announced between UK-Indian companies and a series of Memorandum of Understanding were signed in the training and engineering sector during the airshow.
Elaborating, Baldwin said “We have held very important discussions and shared many of the challenges we have.
“We collaborate very extensively in terms of capability,” she said of the UK companies’ plans to work with Indian partners by co-designing and co-producing and collaborating to export from India.
“We think this is the opportunity to grow even more rapidly which is for greater prosperity and security for our people,” Baldwin underlined.
London’s financial sector was also more prepared to help with funding of India’s trillion dollar infrastructure programme, added #British High Commissioner Sir Dominic Asquith, saying “The potential is huge”.
“The City of London is ready to help raise funding in the form of rupee-denominated Masala bonds for financing infrastructure projects in India,” he said elaborating on growing trades and businesses between the two countries.
Baldwin led UK-based companies to the four-day air show. The companies were seeking partnerships with plans to transfer technology and join “Make in India” for increasing supplies to the Indian market as well as for exports. fii-news.com
